Mid-Day Breakouts Report - Thursday, May 19th, 2011

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MIDDAY BREAKOUTS REPORT - THURSDAY, MAY 19TH, 2011
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DOW 12593.25 33.07 (0.26%) | NASDAQ 2827.27 12.27 (0.44%) | S&P 500 1342.12 1.44 (0.11%)

Time of Screening : 5/19/2011 12:08:55 PM Report Released : 5/19/2011 1:32:54 PM
Price is: Above 52W High and Less Than 52W High but within 5% of the 52 Week High
Volume Is: At least 57.5% of 50 Day Average at the time of the screening.
More details about this report...

To View Current Notes and Data on currently Featured Stocks go to the latest
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NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ABB - NYSE - MANUFACTURING - Industrial Electrical Equipmen A B B Ltd	$26.31	-0.01 -0.04%	$26.53	$27.58	-4.60%	2,355,927 92.56%	2,545,200
Most Recent Note for ABB - 5/19/2011 12:12:58 PM Churning heavy volume this week while not making meaningful price progress, a sign of distributional pressure. Consolidating above prior highs and its 50 DMA line defining support in the $24-25 area. Recent mid-day reports noted - "Quarterly and annual (C & A criteria) earnings and sales revenues history has not been strong and steady. Large supply of 2.28 billion outstanding shares could make it a stodgy and slow performer."
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ADI - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Analog Devices	$42.30	-0.30 -0.70%	$42.88	$43.28	-2.26%	2,902,600 112.61%	2,577,600
Most Recent Note for ADI - 5/19/2011 12:16:13 PM Spiked to a new 52-week high after reporting +36% earnings on +18% sales revenues for the quarter ended April 30, 2011 versus the year ago period. Last noted in the 1/20/11 mid-day report - "Recent quarters showed better sales and earnings increases versus the year earlier, but prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady so it is fundamentally below guidelines of the fact-based investment system."
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AET - NYSE - HEALTH SERVICES - Health Care Plans Aetna Inc	$45.47	+0.06 0.13%	$45.76	$45.76	-0.63%	2,480,492 60.95%	4,069,700
Most Recent Note for AET - 5/19/2011 12:18:33 PM Touched another new 52-week high today, adding to a recent spurt of volume-driven gains. Prior mid-day reports noted - "Earnings increases have been above the +25% guideline in the past 4 quarterly comparisons versus the year earlier, but during that span its sales revenues were in the negative -1-3% range. Annual earnings (A criteria) history is also below the investment system's guidelines."
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AGN - NYSE - DRUGS - Drug Manufacturers - Other Allergan Inc	$83.10	-0.85 -1.01%	$84.35	$85.74	-3.08%	2,410,406 105.86%	2,277,000
Most Recent Note for AGN - 5/19/2011 12:22:02 PM Hit new 52-week and all-time highs with a solid gain on the prior session with above average volume, getting more extended from any sound base pattern. It has shown steady annual earnings growth, but quarterly earnings and sales increases have repeatedly been reported below guidelines through the Mar '11 quarter.
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AZO - NYSE - RETAIL - Auto Parts Stores Autozone Inc	$276.14	-6.36 -2.25%	$279.00	$288.50	-4.28%	300,126 91.47%	328,100
Most Recent Note for AZO - 5/19/2011 12:24:49 PM Gapped down today after reporting earnings that missed Street estimates. Trading near its 50 DMA line. Last noted in the 5/05/11 mid-day report - "Its 4 latest quarterly comparisons (C criteria) showed earnings increases above the +25% minimum guideline while sales revenues increases were in the +1-13% range and gradually accelerating. It is heavily owned by mutual funds already, and top-rated funds owning shares fell from 1,105 in Dec '10 to 1,062 in Mar '11, not a reassuring sign concerning the I criteria. While consumers are fixing their old cars and holding off on new car purchases, AZO and similar players in the auto-repair arena have shown some leadership."
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BAK - NYSE - CHEMICALS - Specialty Chemicals Braskem Sa Adr	$29.63	+0.12 0.41%	$29.78	$30.63	-3.26%	139,868 64.07%	218,300
Most Recent Note for BAK - 5/19/2011 12:28:51 PM Perched near 52-week and all-time highs with no overhead supply to act as resistance. Erratic earnings history is below the fact-based system's guidelines.
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CTRX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Healthcare Information Service Catamaran Corp	$59.82	+0.94 1.60%	$60.07	$62.00	-3.52%	219,887 63.98%	343,700
Most Recent Note for CTRX - 5/19/2011 1:12:34 PM Holding its ground stubbornly near its 52-week and all-time highs. Recent mid-day reports noted - "Extended from a sound base, yet it faces no resistance due to overhead supply. Ownership by top-rated funds has been increasing, rising from 453 in Jun '10 to 579 in Mar '11, a reassuring sign concerning the I criteria. Reported earnings +27% on +143% sales revenues for the quarter ended March 31, 2011 versus the year ago period. The 3 prior quarterly comparisons showed earnings increases below the +25% guideline."
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DLTR - NASDAQ - RETAIL - Discount, Variety Stores Dollar Tree Inc	$63.69	+2.36 3.85%	$64.47	$64.47	-1.21%	1,935,706 193.44%	1,000,700
Most Recent Note for DLTR - 5/19/2011 12:34:25 PM Gapped up today for new 52-week and all-time highs with its considerable gain on heavy volume. Technically, it is extended from any sound base, while no overhead supply remains to act as resistance. Reported earnings +34% on +14% sales revenues for the quarter ended April 30, 2011 versus the year ago period. Found support near its 200 DMA line during a deep consolidation since noted in the 11/18/10 mid-day report - "It has a good annual earnings history and quarterly earnings increases above the +25% meet the investment system's guidelines, however sales revenues have shown just steady increases in the +12-13% range."
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GPRO - NASDAQ - ELECTRONICS - Scientific & Technical Instrum GoPro, Inc	$84.24	-2.42 -2.79%	$86.55	$86.96	-3.13%	1,102,881 253.24%	435,500
Most Recent Note for GPRO - 5/19/2011 12:37:03 PM Hit a new 52-week high with a volume-driven gain on the prior session. Stubbornly held its ground well above its 2007 all-time high ($71.84) since last noted in the 5/03/11 mid-day report - "Sales and earnings history are below the guidelines of the fact-based system."
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INTL - NASDAQ - FINANCIAL SERVICES - Investment Brokerage - Regional Intl Fcstone Inc	$26.33	+0.20 0.75%	$26.92	$27.25	-3.39%	39,033 92.28%	42,300
Most Recent Note for INTL - 5/19/2011 12:39:47 PM Gapped up today and challenged its 52-week high. Rebounded this week following a slump under its 50 DMA line during its orderly consolidation. Last noted in the 4/20/11 mid-day report - "Recent quarters showed much better sales and earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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MPAA - NASDAQ - AUTOMOTIVE - Auto Parts Motorcar Parts Of Amer	$15.33	+0.48 3.23%	$15.50	$15.50	-1.10%	87,073 163.67%	53,200
Most Recent Note for MPAA - 5/19/2011 12:52:31 PM Hitting a new 52-week high with today's volume-driven gain, rising clear of stubborn resistance. Prior mid-day reports noted - "The $15 area has acted as stubborn resistance in recent months while building on a previously noted base-on-base type pattern. Recent quarters showed better sales and earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady. Sales revenues increases have been sub par. It is fundamentally below guidelines of the fact-based investment system."
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PRIM - NASDAQ - DIVERSIFIED SERVICES - Technical Services Primoris Services Corp	$11.79	+0.24 2.08%	$11.82	$11.87	-0.67%	81,845 65.16%	125,600
Most Recent Note for PRIM - 5/19/2011 12:56:26 PM Found support at its 50 DMA line this week and it is rallying near its all-time high with today's third consecutive gain. Earnings history has been erratic and not a good match with the fact-based investment system's guidelines. The Building - Heavy Construction firm is one of the largest specialty contractors and engineering companies in the Western United States primarily serving the growing power and energy sectors.
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ROST - NASDAQ - RETAIL - Apparel Stores Ross Stores Inc	$80.83	-1.03 -1.26%	$81.69	$83.11	-2.74%	1,099,152 88.20%	1,246,200
Most Recent Note for ROST - 5/19/2011 1:07:17 PM Hovering near its all-time high with no resistance due to overhead supply. Reported earnings +28% on +7% sales revenues for the quarter ended April 30, 2011 versus the year ago period. After a considerable 5/05/11 gap up gain, and in the 5/12/11 mid-day report, it was noted - "Recent quarterly comparisons have shown sub par sales revenues and earnings increases, yet it has maintained a strong annual earnings history (A criteria) and has earned very high ranks. Sales revenues increases were +14%, +8%, +7%, and +8% respectively in the April, June, October '10 and Jan '11 comparisons versus the year ago periods, while earnings increases were +61%, +30%, +21%, and +18% respectively."
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SJM - NYSE - FOOD & BEVERAGE - Processed & Packaged Goods Smucker J M Co	$76.98	+0.66 0.86%	$76.98	$77.26	-0.36%	374,623 64.95%	576,800
Most Recent Note for SJM - 5/19/2011 1:11:05 PM Perched at its all-time high with no resistance due to overhead supply. Quarterly and annual earnings (C and A criteria) increases have not been a good match with the fact-based investment system guidelines.
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TDG - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products &; Services Transdigm Group Inc	$83.69	-0.20 -0.24%	$84.87	$85.38	-1.98%	130,289 60.91%	213,900
Most Recent Note for TDG - 5/19/2011 1:13:53 PM Noted repeatedly in recent mid-day reports - "Perched within close striking distance of its all-time high with no resistance due to overhead supply. Recent quarterly comparisons show sales and earnings increases with acceleration following a streak of weak or negative comparisons. In recent years it has rebounded and rallied to new highs following a deep consolidation after it was dropped from the Featured Stocks list 1/17/08."
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TTWO - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Take-Two Interactv Sftwr	$17.39	+0.32 1.87%	$17.58	$17.58	-1.08%	1,508,700 105.84%	1,425,400
Most Recent Note for TTWO - 5/19/2011 1:17:48 PM Hit another new high today after holding its ground following its technical breakout to a new 52-week high on 5/17/11 with heavy volume. Found support near its 50 DMA line during an orderly 13-week flat base. Prior mid-day reports have noted - "Recent quarters show sales and earnings improving but prior history has been erratic and below the fact-based system's guidelines."
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VECO - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Veeco Instruments Inc	$54.72	-0.47 -0.85%	$56.05	$56.05	-2.37%	735,779 63.57%	1,157,500
Most Recent Note for VECO - 5/19/2011 1:21:46 PM Hitting new 52-week highs with volume-driven gains this week helping it rally from an orderly base pattern. Recent quarterly comparisons show great sales and earnings increases, but its annual earnings (A criteria) history has been erratic and below the fact-based investment system's guidelines.
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VIA - NASDAQ - MEDIA - Entertainment - Diversified Viacom Inc Cl A	$59.79	+0.17 0.29%	$60.19	$60.28	-0.81%	18,538 60.78%	30,500
Most Recent Note for VIA - 5/19/2011 1:23:33 PM Stubbornly holding its ground near its all-time high. Prior mid-day reports noted - "No resistance remains due to overhead supply. Earnings history has been erratic and below the fact-based investment system's guidelines."
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WBC - NYSE - AUTOMOTIVE - Auto Parts Wabco Hldgs Inc	$71.75	+0.79 1.11%	$72.00	$75.00	-4.33%	501,381 70.21%	714,100
Most Recent Note for WBC - 5/19/2011 1:27:23 PM Consolidating near all-time highs today, above prior resistance in the $65 area and support at its 50 DMA line. Recent quarterly comparisons show strong sales revenues and earnings increases, but the downturn in FY '09 earnings is a flaw concerning the A criteria.
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YZC - NYSE - METALS & MINING - Industrial Metals & Minerals Yanzhou Coal Mining Adr	$39.45	+1.13 2.95%	$39.83	$39.83	-0.95%	196,224 63.50%	309,000
Most Recent Note for YZC - 5/19/2011 1:32:25 PM Gapped up today, challenging its 52-week high and recent resistance in the $39-40 area. Found support at its 50 DMA line during its consolidation since last noted in the 4/07/11 mid-day report. Earlier reports noted its rally above previous resistance in the $32-33 area and observed - "Recent quarters show better sales and earnings but prior quarters and its annual earnings (A criteria) are below guidelines of the fact-based system."
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